Post Office Scheme: Start with Just ₹1,000 and Get Up to ₹50,000! Apply This Way

Nowadays, due to rising expenses, people’s savings are under pressure. In this situation, many people are looking for safe investment options that can grow their money. The Post Office Kisan Vikas Patra (KVP) is one such scheme that can double your investment. It is a government-backed scheme where your money can double in about 9 years and 7 months (around 115 months).

Kisan Vikas Patra was launched in 1988. Its main purpose was to encourage people in rural and semi-urban areas to invest safely for a long period. Because it comes with a government guarantee, this scheme is considered very safe.

Investment Amount

In this scheme, you can start with a minimum of ₹1,000 and there is no maximum limit. This means small investors can invest ₹1,000, and big investors can invest lakhs. Everyone gets the same benefit.

Interest and Returns

KVP currently offers 7.5% interest per year, and it is compounded annually. This means the interest is added to your main amount every year, and you earn interest on that too. Because of this compounding, your money doubles in 115 months.

For example, if you invest ₹8,000, you will get ₹16,000 at maturity.

Required Documents

1. Identity proof: Aadhaar, PAN, Voter ID, Passport, or Driving License
2. Address proof: Aadhaar, Passport, Bank Passbook, Electricity Bill
3. Passport-size photo
4. PAN is required for investments above ₹50,000
5. Income proof (salary slip, bank statement, or ITR) for investments above ₹10 lakh

How to Apply

To invest, fill out Form A at the nearest post office or registered bank branch. The form needs your name, address, mobile number, investment amount, payment method, and nominee details. KYC documents must also be submitted.

• You can deposit up to ₹50,000 in cash.
• Amounts above ₹50,000 must be paid through cheque, demand draft, or online (RTGS/NEFT).
• After your details are verified, you will receive a Kisan Vikas Patra certificate. Keep this certificate safe.

How KVP Works

Suppose you invest ₹5,000. This amount grows with interest every year. After 115 months, this ₹5,000 becomes ₹10,000.